Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Reconciliation of Shares Used in Computation of Basic and Diluted Net Income Per Share

A reconciliation of the shares used in the computation of basic and diluted net income per share is as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
(SHARES IN THOUSANDS)	2018	2017	2018	2017
Basic⁽¹⁾	81,263	79,063	79,783	79,072
Effect of dilutive securities⁽²⁾	384	299	332	281
Diluted	81,647	79,362	80,115	79,353

_______________________


(1)	For the three and nine months ended September 30, 2018, the tangible equity units (“TEUs”) were assumed to be outstanding at the minimum settlement amount for weighted-average shares for basic earnings per share. See below for details.


(2)	Effect of dilutive securities includes dilution under stock plans and incremental impact of TEUs. See below for details.

On September 17, 2018, the Company issued and sold 12,667,947 shares of its common stock in an underwritten public offering for net proceeds of approximately $1.6 billion.